Enviva Partners (EVA) will raise its quarterly distribution by 0.8 percent to $0.625 per unit in the second quarter of 2018. This follows a 0.8 percent hike in the first quarter.

The new distribution yield for EVA is 8.9% in 2018 marks the third consecutive year of higher distributions by the MLP.

Enviva Partners, LP is a publicly traded master limited partnership that aggregates a natural resource, wood fiber, and processes it into a transportable form, wood pellets. The Partnership sells a significant majority of its wood pellets through long-term, take-or-pay agreements with creditworthy customers in the United Kingdom and Europe.